Wall Street Zen Downgrades Sunrun (NASDAQ:RUN) to Sell

Sunrun (NASDAQ:RUN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

RUN has been the topic of several other reports. Roth Capital set a $20.00 price objective on Sunrun in a report on Friday, February 28th. Susquehanna decreased their price objective on Sunrun from $13.00 to $10.00 and set a "positive" rating on the stock in a report on Monday, April 14th. BMO Capital Markets cut Sunrun from a "hold" rating to a "strong sell" rating and decreased their price objective for the stock from $9.00 to $4.00 in a report on Thursday, May 22nd. Glj Research raised Sunrun from a "strong sell" rating to a "hold" rating and set a $7.78 price objective on the stock in a report on Friday, May 30th. Finally, Truist Financial reissued a "hold" rating and set a $6.00 target price (down previously from $9.00) on shares of Sunrun in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Sunrun currently has a consensus rating of "Hold" and an average target price of $14.10.

Sunrun Stock Performance

Shares of RUN stock traded up $0.13 during trading hours on Friday, reaching $8.51. 15,423,305 shares of the company traded hands, compared to its average volume of 11,945,802. Sunrun has a 12-month low of $5.45 and a 12-month high of $22.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.47 and a quick ratio of 1.15. The company has a market cap of $1.94 billion, a P/E ratio of -4.68 and a beta of 2.66. The firm has a 50-day moving average price of $7.81 and a 200 day moving average price of $8.57.

Sunrun (NASDAQ:RUN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.42. Sunrun had a negative return on equity of 5.15% and a negative net margin of 18.80%. The firm had revenue of $504.27 million for the quarter, compared to analysts' expectations of $487.29 million. During the same period in the previous year, the firm earned ($0.40) EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Sunrun will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sunrun news, CRO Paul S. Dickson sold 19,343 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $130,371.82. Following the completion of the sale, the executive now directly owns 399,729 shares in the company, valued at approximately $2,694,173.46. This represents a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeanna Steele sold 9,942 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $6.74, for a total value of $67,009.08. Following the sale, the insider now owns 291,238 shares of the company's stock, valued at $1,962,944.12. This trade represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,138 shares of company stock worth $540,103. 3.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sunrun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Sunrun by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 23,749,115 shares of the energy company's stock valued at $219,679,000 after buying an additional 343,448 shares during the last quarter. Greenvale Capital LLP raised its stake in Sunrun by 50.3% in the fourth quarter. Greenvale Capital LLP now owns 13,500,000 shares of the energy company's stock valued at $124,875,000 after buying an additional 4,516,793 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in Sunrun by 593.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 12,028,454 shares of the energy company's stock valued at $111,263,000 after buying an additional 10,294,947 shares during the last quarter. Sylebra Capital LLC raised its stake in Sunrun by 23.8% in the first quarter. Sylebra Capital LLC now owns 8,273,331 shares of the energy company's stock valued at $48,482,000 after buying an additional 1,590,169 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sunrun by 27.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,621,303 shares of the energy company's stock worth $61,252,000 after purchasing an additional 1,427,858 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

About Sunrun

Sunrun Inc designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.

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